U.S. municipal bond volume totaled $187.2 billion in the first half of 2017, representing a 13% decline from the first half of 2016, according to Thomson Reuters. The decrease was due to a precipitous drop in muni bond refinancings, and new money issuance was up 8.7%.

  • Education: Municipal bonds issued for education purposes totaled $62.1 billion in the first half, which was down 10.4% over the year-earlier period. On the other hand, bonds dedicated to student loans rose 62.2%.
  • Biggest loser: Municipal bonds dedicated to electric power, which dropped 55%.
  • Caveat: The first half figure obscures a decent rebound in Q2 over a sluggish Q1, with Q2 2017 beating each of the prior two quarters in terms of both volume and number of transactions (albeit still falling well short of Q2 2016 on both metrics).

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Updated 34 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12:30 p.m. ET: 32,626,165 — Total deaths: 990,134 — Total recoveries: 22,523,822Map.
  2. U.S.: Total confirmed cases as of 12:30 p.m. ET: 7,040,313 — Total deaths: 203,918 — Total recoveries: 2,727,335 — Total tests: 99,488,275Map.
  3. States: U.S. reports over 55,000 new coronavirus cases — "We’re not closing anything going forward": Florida fully lifts COVID restaurant restrictions.
  4. Health: Young people accounted for 20% of cases this summer — The long-term pain of the mental health pandemicFewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.

America on edge as unrest rises

Louisville on Wednesday. Photo: Jon Cherry/Getty Images

Rarely have national security officials, governors, tech CEOs and activists agreed as broadly and fervently as they do about the possibility of historic civil unrest in America.

Why it matters: The ingredients are clear for all to see — epic fights over racism, abortion, elections, the virus and policing, stirred by misinformation and calls to action on social media, at a time of stress over the pandemic.

Bryan Walsh, author of Future
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The long-term pain of the mental health pandemic

Illustration: Sarah Grillo/Axios

A less visible but still massive trauma caused by the coronavirus is becoming clear: our mental health is suffering with potentially long-lasting consequences.

Why it matters: Mental health disorders that range from schizophrenia to depression and anxiety exert a severe cost on personal health and the economy. Addressing that challenge may require out-of-the-box solutions.